EXECUTION OF PROJECT UNDER BRANCH OFFICE, FEMA

[MEENAKSHI GOYAL]

Hello, Is NGO whose registered office is in Sri Lanka and doing research activities and who got a project from Indian trust, is whether liable to execute this project from project office or it should be execute it from branch office???

Posts / Replies

[Naveed S]

Please refer RBI Circular No. RBI/2009-2010/278 - A. P. (DIR Series) Circular No. 23 dated 30.12.2009 regarding Eligibility Criteria for Establishment of Branch / Liaison Office in India or click on following link :-

http://rbi.org.in/Scripts/NotificationUser.aspx?Id=5441andMode=0

Also refer Q. 10 of the following clarification provided on the said issue :-

http://rbi.org.in/scripts/FAQView.aspx?Id=100